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Farm Input Costs in the U.S. Down Versus Last Year
WASHINGTON - Nov 30/09 - SNS -- The November Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 176% of the 1990-92 average, judging from the latest USDA update on the sector.
The index is unchanged from October but 6 points (3.3%) below November 2008. Lower prices in November for nitrogen, complete feeds, other services, and potash & phosphate offset higher prices for diesel, supplements, LP gas, and feeder cattle.
The November Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 176 (1990-92=100), is unchanged from October 2009 but down 3.3% from November 2008.
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